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Recent content by 0mega
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2e2 into administration - what next for contractors
Sorry to hear about this, hope you get something back. If you are a member of PCG, you may be covered by their agency default insurance. Can't remember how much this is, but may be worth checking.- 0mega
- Post #18
- Forum: Accounting / Legal
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SCRUM Master Certification (London)
Mike Cohn from Mountain Goat Software sometimes does one in London (Holborn). I did one of these recently and found it a really good mix of teaching, group exercises and (most valuable of all) him answering tons of questions about specific problems you are facing in your environment. You can...- 0mega
- Post #5
- Forum: Business / Contracts
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Would you forfeit 20% of your contract value?
PCG give different advice according to who you get on the day, so they tend to be a little inconsistent. For instance one helpline guy told me that in the three years he'd staffed the PCG helpline, no agency had ever won a restraint of trade case against a contractor that returned to a client...- 0mega
- Post #7
- Forum: Business / Contracts
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Agent gone bust
Factoring couldn't have been an issue since Pendragon mostly didn't factor payments, they had a policy of only paying contractors once they had received money from the ClientCo. In the 2008 accounts it shows they managed to minimise interest charges by paying off £1m of debt, then maximised...- 0mega
- Post #103
- Forum: Business / Contracts
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Agent gone bust
Download the last set of Pendragon accounts from Companies House. They'd been trading as a 'going concern' for a long time, the chartered accountant had written of his serious concerns which they'd addressed by replanning their strategy by way of (and they literally say this!!) squeezing clients...- 0mega
- Post #85
- Forum: Business / Contracts
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Agency Payment Issues
Unfortunately PCG Plus has a few limitations. This is from the PCG website: 3. Aggregate Policy Limits In addition to the individual claim limits, PCG’s policy has an aggregate limit of £500,000 to cover all claims made in any one period of insurance with an aggregate limit per individual...- 0mega
- Post #49
- Forum: Business / Contracts
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Agent gone bust
Sorry to hear so many have had issues with Pendragon, I hope nobdy loses too much money. AWE also got hammered by them (I've heard of a few guys that were owed several months money) and I think the Law Society must have been affected. Shame we can't generate a tracking list of these types of...- 0mega
- Post #20
- Forum: Business / Contracts
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Training: Prince2 advice
I did much the same about a year ago and passed the PRINCE2 practitioner exam (it's a relatively easy three hour multiple choice exam), however feedback on submitting my CV for technical roles with PRINCE2 listed has been that I am at risk of being seen as a wannabee PM with lots of technical...- 0mega
- Post #4
- Forum: Business / Contracts
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Pendragon - a warning for you contractors
Hopefully not too many clientco's since I heard recently that all contractors using Pendragon at a Government site near Reading are having problems obtaining their money. Apparently Pendragon have been paid many weeks worth of legally invoiced money by the end client, but are flatly refusing to... -
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Agency Payment Issues
Off To Work: Get a solicitor involved, enforceable legal action is all they ever respond to. PinkPoshRat: Interesting to hear they may not get a renewal. Considering that Pendragon refuse to lower their percentage when contractors negotiate their own renewals and daily rates... and when it's...- 0mega
- Post #32
- Forum: Business / Contracts
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Agency Payment Issues
Sadly our client seems to give Pendragon unlimited chances to stay on their preferred suppliers list, despite the most senior procurement bod calling them ethically questionable (during a telephone conversation, he wouldn't write that down!). I'm caught by their handcuff clause, so due to the...- 0mega
- Post #21
- Forum: Business / Contracts
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Agency Payment Issues
Thanks for all the responses, but ds100a supplied the useful information I was after. Pendragon IS have been blaming our end client for all late payments, making it seem as though it was JUST the internal billing system that was the issue; but if they are paying late on other sites too then...- 0mega
- Post #12
- Forum: Business / Contracts
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Agency Payment Issues
Evening all, Working on a Government site where around 15 / 20 other contractors are all using the same agency: Pendragon IS. For the last 6 months they have refused to pay anyone until they have been paid by the end client, a situation that has led to several material breaches of contract in...- 0mega
- Thread
- Replies: 49
- Forum: Business / Contracts
